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\begin{tabular}{lcccc} \hline
 & (1) & (2) & (3) & (4) \\
VARIABLES & insample & insample & insample & insample \\ \hline
 &  &  &  &  \\
Ln Employment &  &  & -0.010 & 0.004 \\
 &  &  & (0.015) & (0.019) \\
\\# functions in the estab. &  &  & 0.018 & -0.006 \\
 &  &  & (0.018) & (0.017) \\
\\# 4-digit NAICS &  &  & -0.002 & 0.004 \\
 &  &  & (0.010) & (0.008) \\
\\# products &  &  & 0.006 & 0.006 \\
 &  &  & (0.007) & (0.007) \\
hoffice==2 &  &  & 0.042 & -0.017 \\
 &  &  & (0.030) & (0.031) \\
exports==2 &  &  & -0.001 & -0.017 \\
 &  &  & (0.051) & (0.039) \\
province==BC &  & 6.790$^a$ & 6.792$^a$ & 6.598$^a$ \\
 &  & (0.062) & (0.356) & (0.457) \\
province==MB &  & 6.481$^a$ & 6.484$^a$ & 6.669$^a$ \\
 &  & (0.271) & (0.336) & (0.258) \\
province==NB &  & 6.551$^a$ & 6.548$^a$ & 6.980$^a$ \\
 &  & (0.056) & (0.233) & (0.495) \\
province==NL = o, &  & - & - & - \\
 &  &  &  &  \\
province==NS = o, &  & - & - & - \\
 &  &  &  &  \\
province==ON &  & 5.085$^a$ & 5.085$^a$ & 4.709$^a$ \\
 &  & (0.159) & (0.260) & (0.364) \\
province==PE = o, &  & - & - & - \\
 &  &  &  &  \\
province==QC &  & 6.377$^a$ & 6.382$^a$ & 6.120$^a$ \\
 &  & (0.245) & (0.243) & (0.470) \\
province==SK &  & 6.250$^a$ & 6.251$^a$ & 6.563$^a$ \\
 &  & (0.376) & (0.347) & (0.417) \\
naics4digit==3112 & 0.004 & 0.174 & 0.172 & -0.065 \\
 & (0.204) & (0.214) & (0.218) & (0.211) \\
naics4digit==3113 & 0.436$^c$ & 0.500$^b$ & 0.496$^b$ & 0.136 \\
 & (0.237) & (0.217) & (0.218) & (0.219) \\
naics4digit==3114 & 0.500$^b$ & 0.663$^a$ & 0.658$^a$ & 0.416$^c$ \\
 & (0.203) & (0.242) & (0.244) & (0.213) \\
naics4digit==3115 & 0.470$^b$ & 0.615$^a$ & 0.613$^a$ & 0.452$^b$ \\
 & (0.222) & (0.220) & (0.214) & (0.221) \\
naics4digit==3116 & 0.211 & 0.414$^c$ & 0.415$^c$ & 0.192 \\
 & (0.223) & (0.240) & (0.235) & (0.226) \\
naics4digit==3117 & 0.966$^a$ & 0.513$^c$ & 0.512$^c$ & 0.395 \\
 & (0.281) & (0.292) & (0.292) & (0.292) \\
naics4digit==3118 & 0.601$^a$ & 0.766$^a$ & 0.763$^a$ & 0.397$^c$ \\
 & (0.229) & (0.231) & (0.227) & (0.215) \\
naics4digit==3119 & 0.478$^b$ & 0.655$^a$ & 0.642$^a$ & 0.301 \\
 & (0.206) & (0.194) & (0.193) & (0.187) \\
naics4digit==3121 & 0.307 & 0.402$^c$ & 0.402$^c$ & 0.199 \\
 & (0.258) & (0.242) & (0.239) & (0.230) \\
naics4digit==3122 & 0.479 & 0.671$^b$ & 0.675$^b$ & 0.043 \\
 & (0.356) & (0.339) & (0.339) & (0.283) \\
naics4digit==3131 = o, & - & - & - & - \\
 &  &  &  &  \\
naics4digit==3132 & 0.590$^b$ & 0.583$^c$ & 0.570$^c$ & 0.223 \\
 & (0.258) & (0.320) & (0.337) & (0.316) \\
naics4digit==3133 & 0.228 & 0.245 & 0.242 & -0.223 \\
 & (0.455) & (0.339) & (0.332) & (0.378) \\
naics4digit==3141 & 0.401$^b$ & 0.667$^a$ & 0.644$^a$ & 0.323$^c$ \\
 & (0.171) & (0.159) & (0.161) & (0.181) \\
naics4digit==3149 & 0.417$^a$ & 0.524$^a$ & 0.503$^a$ & 0.244 \\
 & (0.152) & (0.162) & (0.170) & (0.178) \\
naics4digit==3151 & 0.882$^a$ & 0.802$^b$ & 0.804$^b$ & 0.328 \\
 & (0.337) & (0.385) & (0.398) & (0.348) \\
naics4digit==3152 & 0.795$^a$ & 0.813$^a$ & 0.797$^a$ & 0.332$^c$ \\
 & (0.231) & (0.206) & (0.216) & (0.197) \\
naics4digit==3159 & 0.740$^a$ & 0.831$^a$ & 0.810$^a$ & 0.426 \\
 & (0.181) & (0.238) & (0.257) & (0.261) \\
naics4digit==3161 & 0.977$^b$ & 1.666$^a$ & 1.666$^a$ & 1.269$^b$ \\
 & (0.445) & (0.395) & (0.375) & (0.539) \\
naics4digit==3162 & 0.356 & 0.463$^b$ & 0.445$^b$ & 0.180 \\
 & (0.265) & (0.197) & (0.192) & (0.259) \\
naics4digit==3169 & 0.351 & 0.387 & 0.375 & 0.080 \\
 & (0.252) & (0.249) & (0.251) & (0.242) \\
naics4digit==3211 & 0.307$^c$ & -0.142 & -0.135 & -0.151 \\
 & (0.183) & (0.214) & (0.217) & (0.271) \\
naics4digit==3212 & 0.131 & 0.006 & 0.011 & -0.005 \\
 & (0.185) & (0.230) & (0.228) & (0.248) \\
naics4digit==3219 & 0.186 & 0.221 & 0.206 & 0.043 \\
 & (0.160) & (0.181) & (0.183) & (0.177) \\
naics4digit==3221 & 0.270 & 0.034 & 0.040 & -0.126 \\
 & (0.318) & (0.433) & (0.435) & (0.401) \\
naics4digit==3222 & 0.341 & 0.500$^b$ & 0.488$^b$ & 0.190 \\
 & (0.230) & (0.196) & (0.203) & (0.201) \\
naics4digit==3231 & 0.386$^b$ & 0.581$^a$ & 0.564$^a$ & 0.244 \\
 & (0.187) & (0.185) & (0.189) & (0.184) \\
naics4digit==3241 & -0.169 & -0.053 & -0.056 & -0.132 \\
 & (0.206) & (0.227) & (0.221) & (0.226) \\
naics4digit==3251 & 0.060 & 0.152 & 0.131 & -0.099 \\
 & (0.274) & (0.193) & (0.198) & (0.207) \\
naics4digit==3252 & 0.147 & -0.002 & -0.001 & -0.104 \\
 & (0.411) & (0.275) & (0.275) & (0.299) \\
naics4digit==3253 & -0.106 & 0.223 & 0.212 & -0.044 \\
 & (0.225) & (0.289) & (0.293) & (0.317) \\
naics4digit==3254 & 0.517$^a$ & 0.439$^b$ & 0.433$^b$ & 0.090 \\
 & (0.174) & (0.216) & (0.220) & (0.192) \\
naics4digit==3255 & 0.287 & 0.545$^a$ & 0.519$^a$ & 0.219 \\
 & (0.249) & (0.176) & (0.182) & (0.192) \\
naics4digit==3256 & 0.714$^b$ & 0.668$^b$ & 0.656$^b$ & 0.236 \\
 & (0.278) & (0.281) & (0.291) & (0.291) \\
naics4digit==3259 & 0.291 & 0.553$^a$ & 0.529$^a$ & 0.263 \\
 & (0.209) & (0.173) & (0.171) & (0.190) \\
naics4digit==3261 & 0.306 & 0.508$^a$ & 0.493$^a$ & 0.226 \\
 & (0.208) & (0.157) & (0.160) & (0.175) \\
naics4digit==3262 & 0.036 & 0.186 & 0.184 & 0.020 \\
 & (0.312) & (0.226) & (0.225) & (0.253) \\
naics4digit==3271 & 0.069 & 0.120 & 0.108 & -0.206 \\
 & (0.270) & (0.264) & (0.250) & (0.287) \\
naics4digit==3272 & 0.384$^a$ & 0.524$^a$ & 0.508$^a$ & 0.210 \\
 & (0.145) & (0.162) & (0.167) & (0.170) \\
naics4digit==3273 & -0.071 & 0.054 & 0.052 & -0.053 \\
 & (0.199) & (0.210) & (0.206) & (0.201) \\
naics4digit==3274 & 0.755$^a$ & 0.748$^b$ & 0.745$^b$ & 0.414 \\
 & (0.274) & (0.378) & (0.379) & (0.404) \\
naics4digit==3279 & 0.071 & 0.211 & 0.188 & 0.010 \\
 & (0.177) & (0.171) & (0.170) & (0.182) \\
naics4digit==3311 & -0.049 & 0.075 & 0.070 & -0.112 \\
 & (0.190) & (0.183) & (0.179) & (0.195) \\
naics4digit==3312 & -0.336 & 0.004 & -0.001 & -0.325 \\
 & (0.341) & (0.232) & (0.226) & (0.247) \\
naics4digit==3313 & 0.204 & 0.248 & 0.237 & 0.011 \\
 & (0.248) & (0.202) & (0.198) & (0.219) \\
naics4digit==3314 & 0.575$^b$ & 0.745$^a$ & 0.735$^a$ & 0.488$^b$ \\
 & (0.241) & (0.235) & (0.240) & (0.242) \\
naics4digit==3315 & -0.050 & 0.057 & 0.051 & -0.103 \\
 & (0.202) & (0.261) & (0.270) & (0.248) \\
naics4digit==3321 & 0.104 & 0.279 & 0.275 & 0.143 \\
 & (0.254) & (0.227) & (0.228) & (0.235) \\
naics4digit==3322 & 0.245 & 0.438$^b$ & 0.421$^b$ & 0.173 \\
 & (0.194) & (0.183) & (0.184) & (0.193) \\
naics4digit==3323 & 0.271 & 0.324$^c$ & 0.318$^c$ & 0.083 \\
 & (0.207) & (0.186) & (0.183) & (0.185) \\
naics4digit==3324 & 0.141 & 0.477$^b$ & 0.470$^b$ & 0.259 \\
 & (0.242) & (0.225) & (0.228) & (0.223) \\
naics4digit==3325 & 0.216 & 0.495$^a$ & 0.480$^a$ & 0.224 \\
 & (0.162) & (0.181) & (0.185) & (0.211) \\
naics4digit==3326 & 0.372$^c$ & 0.653$^a$ & 0.650$^a$ & 0.361 \\
 & (0.213) & (0.243) & (0.249) & (0.293) \\
naics4digit==3327 & 0.076 & 0.247 & 0.241 & 0.077 \\
 & (0.193) & (0.156) & (0.154) & (0.180) \\
naics4digit==3328 & 0.320$^c$ & 0.571$^a$ & 0.554$^a$ & 0.318$^c$ \\
 & (0.191) & (0.179) & (0.181) & (0.191) \\
naics4digit==3329 & 0.109 & 0.301$^c$ & 0.280$^c$ & 0.075 \\
 & (0.170) & (0.168) & (0.168) & (0.183) \\
naics4digit==3331 & -0.088 & 0.140 & 0.118 & 0.031 \\
 & (0.191) & (0.179) & (0.173) & (0.188) \\
naics4digit==3332 & 0.198 & 0.392$^b$ & 0.365$^b$ & 0.136 \\
 & (0.185) & (0.162) & (0.160) & (0.181) \\
naics4digit==3333 & 0.370$^b$ & 0.595$^a$ & 0.577$^a$ & 0.268 \\
 & (0.171) & (0.193) & (0.201) & (0.198) \\
naics4digit==3334 & 0.231 & 0.381$^b$ & 0.368$^b$ & 0.124 \\
 & (0.249) & (0.176) & (0.173) & (0.181) \\
naics4digit==3335 & -0.062 & 0.385 & 0.382 & 0.167 \\
 & (0.227) & (0.244) & (0.238) & (0.256) \\
naics4digit==3336 & 0.392$^b$ & 0.337 & 0.330 & 0.180 \\
 & (0.198) & (0.247) & (0.257) & (0.283) \\
naics4digit==3339 & 0.129 & 0.338$^b$ & 0.310$^c$ & 0.089 \\
 & (0.193) & (0.170) & (0.166) & (0.182) \\
naics4digit==3341 & 0.108 & 0.319$^c$ & 0.294$^c$ & -0.011 \\
 & (0.189) & (0.167) & (0.165) & (0.189) \\
naics4digit==3342 & 0.381$^c$ & 0.547$^a$ & 0.544$^a$ & 0.160 \\
 & (0.209) & (0.174) & (0.177) & (0.190) \\
naics4digit==3343 & 0.501$^b$ & 0.713$^a$ & 0.689$^a$ & 0.364$^c$ \\
 & (0.252) & (0.181) & (0.169) & (0.213) \\
naics4digit==3344 & 0.389$^c$ & 0.723$^a$ & 0.724$^a$ & 0.358$^c$ \\
 & (0.234) & (0.206) & (0.217) & (0.201) \\
naics4digit==3345 & 0.266 & 0.514$^b$ & 0.504$^b$ & 0.199 \\
 & (0.200) & (0.209) & (0.215) & (0.222) \\
naics4digit==3346 & 0.612$^b$ & 0.878$^a$ & 0.852$^a$ & 0.392$^c$ \\
 & (0.293) & (0.204) & (0.192) & (0.226) \\
naics4digit==3351 & 0.558$^b$ & 0.614$^a$ & 0.606$^a$ & 0.247 \\
 & (0.252) & (0.222) & (0.225) & (0.214) \\
naics4digit==3352 & 0.839$^a$ & 1.182$^a$ & 1.169$^a$ & 0.890$^b$ \\
 & (0.320) & (0.336) & (0.347) & (0.355) \\
naics4digit==3353 & 0.278 & 0.369$^b$ & 0.363$^b$ & 0.207 \\
 & (0.240) & (0.184) & (0.182) & (0.195) \\
naics4digit==3359 & 0.377$^c$ & 0.539$^a$ & 0.511$^a$ & 0.218 \\
 & (0.208) & (0.161) & (0.158) & (0.187) \\
naics4digit==3361 & 0.116 & 0.366 & 0.364 & 0.181 \\
 & (0.268) & (0.252) & (0.249) & (0.289) \\
naics4digit==3362 & 0.359$^c$ & 0.479$^b$ & 0.477$^b$ & 0.247 \\
 & (0.218) & (0.222) & (0.222) & (0.220) \\
naics4digit==3363 & 0.276 & 0.546$^a$ & 0.537$^a$ & 0.287 \\
 & (0.176) & (0.185) & (0.185) & (0.193) \\
naics4digit==3364 & 0.290 & 0.356$^c$ & 0.344$^c$ & 0.054 \\
 & (0.266) & (0.183) & (0.178) & (0.193) \\
naics4digit==3365 = o, & - & - & - & - \\
 &  &  &  &  \\
naics4digit==3366 & 0.426$^b$ & 0.063 & 0.054 & -0.098 \\
 & (0.192) & (0.198) & (0.198) & (0.204) \\
naics4digit==3369 & 0.533 & 0.741$^c$ & 0.739$^c$ & 0.590 \\
 & (0.340) & (0.390) & (0.398) & (0.409) \\
naics4digit==3371 & 0.401$^b$ & 0.461$^b$ & 0.449$^b$ & 0.199 \\
 & (0.170) & (0.198) & (0.206) & (0.202) \\
naics4digit==3372 & 0.329 & 0.484$^a$ & 0.485$^a$ & 0.158 \\
 & (0.216) & (0.157) & (0.157) & (0.170) \\
naics4digit==3379 & 0.539$^a$ & 0.739$^a$ & 0.717$^a$ & 0.359 \\
 & (0.196) & (0.228) & (0.229) & (0.241) \\
naics4digit==3391 & 0.436$^b$ & 0.603$^a$ & 0.587$^a$ & 0.208 \\
 & (0.196) & (0.203) & (0.206) & (0.196) \\
naics4digit==3399 & 0.457$^b$ & 0.668$^a$ & 0.646$^a$ & 0.332$^c$ \\
 & (0.208) & (0.196) & (0.207) & (0.198) \\
cat0==2 &  & -0.154$^a$ & -0.158$^a$ & -0.115$^a$ \\
 &  & (0.057) & (0.058) & (0.042) \\
cat0==3 &  & -0.605$^a$ & -0.605$^a$ & -0.329$^a$ \\
 &  & (0.091) & (0.092) & (0.079) \\
Ln Population CMA &  &  &  & 0.254$^a$ \\
 &  &  &  & (0.058) \\
Ln Population density 500m &  &  &  & 0.085 \\
 &  &  &  & (0.053) \\
Ln Distance to major airport &  &  &  & 0.025 \\
 &  &  &  & (0.076) \\
Ln Distance to major seaport &  &  &  & -0.043 \\
 &  &  &  & (0.093) \\
Ln Distance to freight station &  &  &  & 0.072 \\
 &  &  &  & (0.058) \\
Ln Distance to junction &  &  &  & -0.024 \\
 &  &  &  & (0.021) \\
 &  &  &  &  \\
Observations & 24,457 & 24,457 & 24,457 & 24,457 \\
 r2\_p & 0.0157 & 0.271 & 0.272 & 0.326 \\ \hline
\multicolumn{5}{c}{ Robust standard errors in parentheses} \\
\multicolumn{5}{c}{ $^a$ p$<$0.01, $^b$ p$<$0.05, $^c$ p$<$0.1} \\
\end{tabular}
\end{document}
